The XRPR ETF has achieved a significant milestone, reaching $100 million in assets under management. This development underscores a growing institutional interest in XRP, as the cryptocurrency currently trades at $2.87 with a market capitalization of $176 billion. Ripple's CTO, David Schwartz, highlighted the increasing institutional confidence in XRP's utility and regulatory clarity, which may contribute to its potential price rebound.
XRPR ETF Surpasses $100 Million, Boosting Institutional Confidence in XRP
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